View more on these topics

Party, not property for new generation

A new breed of 18 to 34 year olds would rather safeguard their lifestyles than commit to to a mortgage according to research by GMAC-RFC.

The “partying over property” generation may partly explain the drop in first-time buyers, with figures from the Office of National Statistics saying they now make up 28 per cent of the overall market.

In the survey of 1,126 non-homeowners aged between 18 and 34, 68 per cent say they prefer to rent because it allows them to maintain contact with their circle of friends and 61 per cent say it allows them to live in a better area than they could afford to buy in and 71 per cent saying it gives them the freedom to move jobs easily.

GMAC marketing director Jeff Knight says: “We wanted to understand why fewer FTBs are entering the market. It is important to know as a lender that there are other important influences affecting this group other than the straight affordability issue. BTL landlords are making up the shortfall of FTBs because they are directly linked.”


Openwork move to cut loan panel

Openwork will slash its mortgage panel in the new year, with lenders retained on the basis of feedback from its advisers. The network currently uses a panel of 38 and is expected to cut this by more than a quarter but it will still market its mortgage proposition as whole of market, albeit on a […]

‘Property developers use Sipps as sales tools’

The FSA should be concerned that non-regulated property developers are using the tax advantages of pensions as sales tools, according to financial services marketing experts. Teamspirit retirement consultant Jo Smith says Galli- ard Homes is just one prop- erty developer using Sipps to advertise property as carrying a 40 per cent discount through a pension […]

HBOS focuses on introducers

HBOS is bringing together all of its intermediary and partnership businesses into one area and reshuffling its management team across its business-to-business division. Intermediary business from the retail and investment and insurance division will be combined to strengthen the relationship with all introducers. Birmingham Midshires managing director Nigel Stockton is being given a wider role […]

Leading Edge – April 2017

There is little doubt 2017 will be a year of political uncertainty. Leading Edge is Royal London Asset Management’s regular review of investment markets. This edition explores some of the impacts that this uncertainty is having on investors, from the pitfalls of prediction within UK equity investing to the dangers of opting for convenience over […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm